Company Valuation: Nokia Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 17,737 31,473 24,175 16,899 23,017 30,236 - -
Change - 77.45% -23.19% -30.1% 36.2% 31.36% - -
Enterprise Value (EV) 1 15,252 27,531 19,408 12,576 18,163 27,219 26,648 25,687
Change - 80.51% -29.51% -35.2% 44.42% 49.86% -2.1% -3.61%
P/E ratio -7.33x 19.2x 5.77x 25.4x 18.6x 33.1x 22x 17.4x
PBR 1.41x 1.81x 1.13x 0.82x 1.11x 1.42x 1.38x 1.32x
PEG - -0x 0x -0.3x 0.2x -1.1x 0.4x 0.6x
Capitalization / Revenue 0.81x 1.42x 0.97x 0.76x 1.13x 1.52x 1.46x 1.41x
EV / Revenue 0.7x 1.24x 0.78x 0.57x 0.9x 1.37x 1.29x 1.2x
EV / EBITDA 5.37x 7.91x 5.06x 4.04x 5.02x 9.89x 8.12x 7.07x
EV / EBIT 7.21x 9.92x 6.24x 5.3x 6.93x 14x 11x 9.52x
EV / FCF 11.9x 13.3x 22.2x 18.9x 8.99x 18.9x 14.2x 11.5x
FCF Yield 8.39% 7.5% 4.5% 5.29% 11.1% 5.29% 7.03% 8.73%
Dividend per Share 2 - 0.08 0.12 0.13 0.14 0.1402 0.1498 0.1629
Rate of return - 1.44% 2.77% 4.26% 3.28% 2.59% 2.77% 3.01%
EPS 2 -0.43 0.29 0.75 0.12 0.23 0.1632 0.2453 0.3113
Distribution rate - 27.6% 16% 108% 60.9% 85.9% 61.1% 52.3%
Net sales 1 21,870 22,202 24,911 22,258 20,279 19,846 20,693 21,371
EBITDA 1 2,839 3,479 3,838 3,110 3,616 2,753 3,281 3,633
EBIT 1 2,114 2,775 3,109 2,375 2,619 1,942 2,428 2,697
Net income 1 -2,431 1,623 4,250 665 1,277 916.8 1,500 1,768
Net Debt 1 -2,485 -3,942 -4,767 -4,323 -4,854 -3,017 -3,587 -4,549
Reference price 2 3.151 5.574 4.327 3.052 4.274 5.406 5.406 5.406
Nbr of stocks (in thousands) 56,28,955 56,46,452 55,87,016 55,37,060 53,84,608 55,92,973 - -
Announcement Date 04/02/21 03/02/22 26/01/23 25/01/24 30/01/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.51x1.34x9.69x2.64% 3.46TCr
27.47x5.39x13.96x2.06% 32TCr
36.97x1.38x26.72x1.5% 18TCr
49.08x17.62x35.95x-.--% 17TCr
63.93x18.2x52.1x0.19% 9.69TCr
29.51x5.98x18.42x1.19% 6.17TCr
25.23x5.31x18.99x1.67% 4.04TCr
20.08x2.48x13.47x2.73% 3.89TCr
40.62x - - - 3.53TCr
11.72x1.05x5.65x3.51% 3.21TCr
Average 33.71x 6.53x 21.66x 1.72% 10.07TCr
Weighted average by Cap. 36.17x 7.64x 23.99x 1.44%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield